Switch to:
Tutor Perini Corp (NYSE:TPC)
Change In Receivables
$-186 Mil (As of Dec. 2014)

Tutor Perini Corp's change in receivables for the quarter that ended in Dec. 2014 was $-186 Mil. It means Tutor Perini Corp's accounts receivables declined by $186 Mil from Sep. 2014 to Dec. 2014 .

Tutor Perini Corp's change in receivables for the fiscal year that ended in Dec. 2014 was $-186 Mil. It means Tutor Perini Corp's accounts receivables declined by $186 Mil from Dec. 2013 to Dec. 2014 .

Tutor Perini Corp's accounts receivables for the quarter that ended in Dec. 2014 was $1,480 Mil.

Days sales outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed. Tutor Perini Corp's days sales outstanding for the three months ended in Dec. 2014 was 112.33.

In Ben Graham’s calculation of liquidation value, Apple Inc's accounts receivables are only considered to be worth 75% of book value. Tutor Perini Corp's liquidation value for the three months ended in Dec. 2014 was $-1,163 Mil.


Definition

Change In Accounts Receivable relative to the previous period. It is any increase or decrease in the cash a company is owed by its customers.


Explanation

1. Accounts Receivable are created when a customer has received a product but has not yet paid for that product. Days sales outstanding measures of the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's accounts receivables are being managed.

Tutor Perini Corp's Days Sales Outstanding for the quarter that ended in Dec. 2014 is calculated as:

Days Sales Outstanding
=Account Receivable/Revenue*Days in Period
=1479.504/1201.877*91
=112.33

2. In Ben Graham’s calculation of liquidation value, Tutor Perini Corp's accounts receivable are only considered to be worth 75% of book value:

Tutor Perini Corp's liquidation value for the quarter that ended in Dec. 2014 is calculated as:

Liquidation Value
=Cash and Cash Equivalents-Total Liabilities+(0.75 * Account Receivable)+(0.5 * Inventory)
=135.583-2407.81+0.75 * 1479.504+0.5 * 0
=-1,163

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.


Related Terms

Days Sales Outstanding, Account Receivable, Revenue, NCAV, Cash and Cash Equivalents, Total Liabilities, Inventory


Historical Data

* All numbers are in millions except for per share data and ratio. All numbers are in their own currency.

Tutor Perini Corp Annual Data

Dec05Dec06Dec07Dec08Dec09Dec10Dec11Dec12Dec13Dec14
ChangeInReceivables 37-211-224-125363-22751-63-186

Tutor Perini Corp Quarterly Data

Sep12Dec12Mar13Jun13Sep13Dec13Mar14Jun14Sep14Dec14
ChangeInReceivables 051000-63000-186
Get WordPress Plugins for easy affiliate links on Stock Tickers and Guru Names | Earn affiliate commissions by embedding GuruFocus Charts
GuruFocus Affiliate Program: Earn up to $400 per referral. ( Learn More)
Free 7-day Trial
FEEDBACK